DIODES INC /DEL/ — Director's Dealing 2006

Feb 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DIODES INC /DEL/ (DIOD)
CIK: 0000029002
Period of Report: 2006-02-23

Reporting Person: GIORDANO MICHAEL R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-23	Common Stock	M	2500	$2	Acquired	21530	Direct
2006-02-23	Common Stock	S	2500	$37.7708	Disposed	19030	Direct
2006-02-23	Common Stock	S	1500	$37.7708	Disposed	17530	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-23	Common Stock (Right to Buy)	$2	M	2500	Disposed	2009-10-25	Common Stock (2500)	Direct

Footnotes

F1: Exercise pursuant to previously filed 10b5-1 Plan.

F2: Sale pursuant to previously filed 10b5-1 Plan.

F3: Options exercisable in 3 equal annual installments beginning 10/25/2000.

F4: Options granted under Rule 16b-3 Plan.